VOL. XXXVIII

NO. 15

9-JANUARY-1995

New IMF Report On Saudi Arabia Repeats Calls For Budgetary Reform

The International Monetary Fund's Article IV report on Saudi Arabia for 1994presents a less downbeat assessment of Saudi economic prospects than the oneprepared the previous year, which triggered a barrage of hostile press commenton the Kingdom's financial position. Nevertheless, the new report, which isdated 23 September 1994, foresees continuing budgetary and balance of paymentsimbalances over...